Project management is the process of planning, organizing, managing, and controlling resources to achieve specific goals within a defined timeline and budget. It involves applying knowledge, skills, tools, and techniques to meet the requirements of a project and deliver a desired outcome or product.

Project management typically involves the following key phases:

1. Project initiation: Defining the goals, objectives, and scope of the project, identifying stakeholders, and assessing feasibility.
   
   
2. Project planning: Developing a project plan that outlines the tasks, timelines, budget, resources, and quality standards for the project.
   
   
3. Project execution: Implementing the project plan, managing resources, monitoring progress, and making adjustments as necessary.
   
   
4. Project monitoring and control: Tracking project performance against the plan, identifying and addressing issues, and making changes as needed to keep the project on track.
   
   
5. Project closure: Completing the project, evaluating its success, and documenting lessons learned for future reference.
   

Project management is used in a wide range of industries and applications, from construction and engineering to software development, marketing, and event planning. Effective project management is essential for ensuring that projects are completed on time, within budget, and to the desired level of quality.